Hybrid ARMs Outshine All Peers in the Jumbo Market, Says Fitch
July 26, 2002
Sophisticated borrowers are finding more choices in hybrid adjustable rate mortgages in the prime jumbo marketplace these days, thanks to low interest rates. A new Fitch Ratings analysis sees a significant increase in hybrid ARM lending over the previous year to borrowers other than the more typical high net worth borrowers with trust banking relationships. The newer hybrid product could give the more popular